First Known Use of calendar year
Financial Definition of CALENDAR YEAR
What It Is
The calendar year is the period between January 1 and December 31.
How It Works
If Company XYZ starts its fiscal year on January 1 and ends its fiscal year on December 31, then Company XYZ's fiscal year is said to be on a calendar year basis. Many companies align their fiscal years with the calendar year, but many don't. For example, Company 123 might start its fiscal year on October 1 and end on September 30.
CALENDAR YEAR Defined for English Language Learners
Definition of calendar year for English Language Learners
: the period of time from January 1 to December 31
Seen and Heard
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